Menhir Systems,an information technology company in Germany has moved its customer service and accounting operations to Austria to take advantage of the low labor costs.Also the closeness in geography and cultural values is an added advantage in choosing Austria for these operations.Menhir Systems is engaging in _____.

Question

Quizplus · Accepted Answer

Nearshoring refers to moving business operations to a nearby country where labor costs are lower while maintaining the geographical and cultural proximity. Therefore, Menhir Systems engaging in nearshoring by moving its customer service and accounting operations to Austria.

Menhir Systems,an Information Technology Company in Germany Has Moved Its